House Votes on GENIUS Act Paired with CLARITY Act for Digital Asset Regulation

House Majority Whip Tom Emmer has stated that the House will vote on the GENIUS Act, a bill focused on stablecoins, if it is paired with the CLARITY Act. The CLARITY Act aims to establish a clear regulatory framework for digital asset markets in the United States. The GENIUS Act, formally known as the Guiding and Establishing National Innovation for US Stablecoins Act, was passed by the Senate on June 17 and subsequently sent to the House on June 23. The CLARITY Act, or the Digital Asset Market Clarity Act of 2025, was approved by the House Committee on Financial Services earlier this month and is now awaiting debate and a vote on the House floor. Once passed, it will proceed to the Senate.

The GENIUS Act has faced resistance from some House Republicans, who have been working on their own legislative proposals for digital assets. President Donald Trump has urged the House to expedite the passage of the GENIUS Act without unnecessary delays or additional provisions. The pairing of the GENIUS Act with the CLARITY Act could potentially address some of the concerns raised by House Republicans and provide a comprehensive approach to regulating digital assets in the United States. This development underscores the ongoing efforts to establish a clear and effective regulatory framework for the rapidly evolving digital asset market.

This move by Emmer signals a strategic effort to streamline the legislative process for digital asset regulation. By pairing the GENIUS Act with the CLARITY Act, Emmer aims to create a more cohesive and comprehensive regulatory framework that addresses the concerns of various stakeholders. The GENIUS Act focuses specifically on stablecoins, which are digital assets pegged to the value of a stable reserve asset, such as the US dollar. The CLARITY Act, on the other hand, provides a broader regulatory framework for all digital assets, including cryptocurrencies and blockchain technology.

The pairing of these two bills could help to address some of the regulatory uncertainties that have plagued the digital asset market in recent years. By providing a clear and comprehensive regulatory framework, the United States could become a more attractive destination for digital asset innovation and investment. This could also help to protect consumers and investors from the risks associated with digital assets, such as price volatility and market manipulation. The passage of these bills would be a significant step forward in the regulation of digital assets in the United States and could set a precedent for other countries around the world.